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In the debate between those who believe in essentially unregulated markets and others who hold that reasonable regulation diminishes market excesses without inhibiting their basic function, the subprime situation unfortunately provides ammunition for the latter view.

Barney Frank

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Barney Frank
Age: 84
Born: 1940
Born: March 31
Former U.S. Representative
Politician
Bayonne
New Jersey
Barnett Frank
Believe
Market
Provides
Inhibiting
Function
Excess
Unregulated
View
Unfortunately
Excesses
Hold
Essentially
Diminishes
Views
Latter
Ammunition
Situation
Reasonable
Diminish
Others
Debate
Markets
Without
Basic
Regulation

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The Moral Majority supports legislators who oppose abortions but also oppose child nutrition and day care. From their perspective, life begins at conception and ends at birth.
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Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
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The single most important thing you can do politically for gay rights is to come out. Not to write a letter to your congressman but to come out.
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Ridicule is about the most powerful weapon possible.
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I am not aware of any specific provision that mandates any tightening of lending to small business other than a requirement that people who lend and then sell that loan be prepared to take a part of the risk. And I'm proud of that.
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We all have the right to call each other names. Rudeness is a deeply held constitutional value.
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Most people who are activists and are concerned about issues get their information from sources which reinforce their opinions and give them the facts that they want to hear.
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I can tell you about health care and also about the financial reform bill. The Barack Obama, the President personally and his administration officials at his direction were very much involved.
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Moderate Republicans are reverse Houdinis. They tie themselves up in knots and then tell you they can’t do anything because they’re tied up in knots.
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I should have voted for the first Iraq war. George Bush did that one very well. I had been skeptical. I was afraid that George Bush was going to treat the first Iraq war the way his son treated the second.
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If people knew of ethics violations, they should have sent them to the Ethics Committee. If you think there was serious ethics violation that ought to be looked at, you don't hold it back for retaliatory purposes.
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The fact that theyre a congressionally chartered group should no more incline people to give to that group than the fact that its National Pickle Month should make them eat more pickles.
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I am very proud of the role I played in getting legal equality for people who are lesbian, gay, bisexual and transgender, and in helping get rid of the prejudice by being visible about it, helping to block the conviction of Bill Clinton of impeachment.
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For most of my life, I have eaten to deal with stress.
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The people who started the American government, the founders of the Constitution, didn't like political parties but they were forced to start them. Nobody ever created political parties in England, they evolved. And there do tend to be two general tendencies that focus around how much government you think you need.
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I have been mislabeled as a big advocate of low-income home ownership over rental.
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I was still closeted, but from the day I decided to run for office, knowing that I was gay, I decided that I would, of course, still be closeted but that I would work very hard for gay rights. It would be totally dishonorable, being gay, not to do that. So I had that as kind of a secondary agenda.
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